American Res Corp Stock Price, News & Analysis

American Resources Corporation has sold its exclusive patent rights in carbon nanostructure and graphene technology to Novusterra Inc. for $16 million in stock. Members of American Resources will join Novusterra's management and Board. The company plans to dividend most of the shares received to investors before Novusterra's public offering, pending regulatory approvals. The transaction aims to unlock value for shareholders and support growth in sectors like batteries and sustainable infrastructure. The deal also includes collaborative efforts to advance technology commercialization.

American Resources Corporation (NASDAQ:AREC) has authorized a share repurchase program for up to $10 million in stock. This initiative reflects the company's commitment to enhancing shareholder value and confidence in its market opportunities, particularly in its American Carbon and ReElement Technologies divisions. The program allows for repurchases through various means, subject to market conditions, and will expire on September 15, 2023. The management aims to leverage its financial flexibility to invest in long-term growth while maintaining streamlined operations.

American Resources Corporation (NASDAQ:AREC) has expanded its non-dilutive credit facility by $15 million to fuel growth initiatives at its American Carbon division. This traditional equipment loan offers operational flexibility, enabling management to draw funds as needed to enhance production and margins. The loan, secured by equipment, has a 36-month term with an effective initial interest rate of approximately 14.48%. The company aims to streamline operations and maximize shareholder value while focusing on sustainable practices and a robust growth pipeline in the electrification sector.

American Resources Corporation (AREC) commends the Inflation Reduction Act (IRA) for enhancing domestic critical mineral production with $369 billion in incentives. The IRA's provisions aim to develop a resilient supply chain for critical minerals, aligning with the company's achievements in producing pure rare earth elements through innovative processes. CEO Mark Jensen emphasized the importance of reducing foreign dependencies while supporting U.S. manufacturing. The company’s ReElement Technologies division has initiated successful operations in Indiana, focusing on the extraction and processing of essential minerals for electrification and sustainability.

American Resources Corporation (NASDAQ:AREC) reported record quarterly revenues of $16.2 million for Q2 2022, marking a substantial 78% growth quarter-over-quarter. The company achieved an adjusted EBITDA of $11.5 million, compared to a loss of $537,078 in the prior year. Notably, it became the first domestic commercial producer of high-purity rare-earth elements from recycled magnets. The company aims to launch the production of battery elements from recycled lithium batteries in 4Q 2022, reinforcing its role in the electric vehicle supply chain.

American Resources Corporation (NASDAQ:AREC) has announced the planning and development of two new carbon mines in Pike County, KY, aimed at supplying its McCoy Elkhorn complex with high-quality metallurgical carbon. The company boasts a low-cost development model, with a capacity of up to 45,000 tons per month and over 40 existing mining permits. The complex features advanced processing facilities and aims to produce between 1.5 million to 2 million tons per year. This development aligns with the growing demand for carbon in the global steel industry.

American Resources Corporation (NASDAQ: AREC) announced key leadership promotions at its ReElement Technologies division, with Jeff Peterson promoted to Chief Operating Officer, Dr. Yi Ding appointed as Director of Research & Development, and Chris Moorman named Chief Commercial Officer. These appointments come as the company begins commercial operations at its rare earth and battery element purification facility, aiming to reduce the U.S. dependency on foreign supply while promoting sustainable practices.

American Resources Corporation (NASDAQ:AREC) will present at the Virtual Investor Spotlight on August 3, 2022, at 11:00 AM ET. The company will highlight its recent success in launching operations at ReElement Technologies' first commercial-scale rare earth and battery element purification facility, achieving over 99.5% pure REEs. The presentation will cover innovative production methods, the company's growth strategies, and plans for domestic and international expansion. A live webcast will be available, along with a replay for 90 days.

American Resources Corporation (NASDAQ:AREC) announces major advancements through its ReElement Technologies division, achieving over 99.5% purity in isolating dysprosium, neodymium, and praseodymium at its new commercial facility in Noblesville, IN. The facility is 1000x larger than previous operations and employs a proprietary, environmentally safe chromatographic process. This success marks a shift in rare earth element processing, enabling domestic supply and reducing reliance on foreign sources. The company plans aggressive expansion into battery and magnet element production over the next year.